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Global Heat Recovery Steam Generator (HRSG) Market Research Report 2026
Published Date: 2026-02-03
|
Report Code: QYRE-Auto-13V4455
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Global Heat Recovery Steam Generator HRSG Market Insights and Forecast to 2028
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Global Heat Recovery Steam Generator (HRSG) Market Research Report 2026

Code: QYRE-Auto-13V4455
Report
2026-02-03
Pages:143
QYResearch
Buy Now with 15% Discount
DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES
FEATURED COMPANIES
BHI
Foster Wheeler
Nooter Eriksen
CMI Energy
Alstom Power
Doosan E&C
VOGT Power
STF
Babcock Wilcox
Mitsubishi
Hangzhou Boiler
Wuxi Huaguang
Siemens
Bharat Heavy Electricals
Siemens (NEM Energy)
Doosan E&C

Heat Recovery Steam Generator (HRSG) Market Size

The global Heat Recovery Steam Generator (HRSG) market was valued at US$ 2122 million in 2025 and is anticipated to reach US$ 2465 million by 2032, at a CAGR of 2.2% from 2026 to 2032.

Heat Recovery Steam Generator (HRSG) Market

Heat Recovery Steam Generator (HRSG) Market

The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Heat Recovery Steam Generator (HRSG) competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
A heat recovery steam generator or HRSG is an energy recovery heat exchanger that recovers heat from a hot gas stream. It produces steam that can be used in a process (cogeneration) or used to drive a steam turbine (combined cycle).
Global Heat Recovery Steam Generator (HRSG) key players include Nooter Eriksen, BHI, CMI Energy, Doosan E&C, etc. Global top four manufacturers hold a share over 30%.
North America is the largest market, with a share about 25%, followed by China, and Europe, both have a share about 45 percent.
In terms of product, 100MW-300MW is the largest segment, with a share over 55%. And in terms of application, the largest application is Power Station, followed by Industrial Production.
This report delivers a comprehensive overview of the global Heat Recovery Steam Generator (HRSG) market, with both quantitative and qualitative analyses, to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current market, and make informed business decisions regarding Heat Recovery Steam Generator (HRSG). The Heat Recovery Steam Generator (HRSG) market size, estimates, and forecasts are provided in terms of shipments (MW) and revenue (US$ millions), with 2025 as the base year and historical and forecast data for 2021–2032.
The report segments the global Heat Recovery Steam Generator (HRSG) market comprehensively. Regional market sizes by Type, by Application, , and by company are also provided. For deeper insight, the report profiles the competitive landscape, key competitors, and their respective market rankings, and discusses technological trends and new product developments.
This report will assist Heat Recovery Steam Generator (HRSG) manufacturers, new entrants, and companies across the industry value chain with information on revenues, production, and average prices for the overall market and its sub-segments, by company, by Type, by Application, and by region.
Market Segmentation

Scope of Heat Recovery Steam Generator (HRSG) Market Report

Report Metric Details
Report Name Heat Recovery Steam Generator (HRSG) Market
Accounted market size in 2025 US$ 2122 million
Forecasted market size in 2032 US$ 2465 million
CAGR 2.2%
Base Year 2025
Forecasted years 2026 - 2032
Segment by Type
  • Below 50MW
  • 50MW-100MW
  • 100MW-300MW
  • Over 300MW
by Application
  • Power Station
  • Industrial Production
Production by Region
  • North America
  • Europe
  • China
  • Japan
  • South Korea
  • India
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company BHI, Foster Wheeler, Nooter Eriksen, CMI Energy, Alstom Power, Doosan E&C, Siemens (NEM Energy), VOGT Power, STF, Babcock & Wilcox, Mitsubishi, Hangzhou Boiler, Bharat Heavy Electricals, Wuxi Huaguang
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Defines the scope of the report and presents an executive summary of market segments (by Type, by Application, , etc.), including the size of each segment and its future growth potential. It offers a high-level view of the current market and its likely evolution in the short, medium, and long term.
  • Chapter 2: Provides a detailed analysis of the competitive landscape for Heat Recovery Steam Generator (HRSG) manufacturers, including prices, production, value-based market shares, latest development plans, and information on mergers and acquisitions.
  • Chapter 3: Examines Heat Recovery Steam Generator (HRSG) production/output and value by region and country, providing a quantitative assessment of market size and growth potential for each region over the next six years.
  • Chapter 4: Analyzes Heat Recovery Steam Generator (HRSG) consumption at the regional and country levels. It quantifies market size and growth potential for each region and its key countries, and outlines market development, outlook, addressable space, and national production.
  • Chapter 5: Analyzes market segments by Type, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities.
  • Chapter 6: Analyzes market segments by Application, covering the size and growth potential of each segment to help readers identify “blue ocean” opportunities in downstream markets.
  • Chapter 7: Profiles key players, detailing the fundamentals of major companies, including product production/output, value, price, gross margin, product portfolio/introductions, and recent developments.
  • Chapter 8: Reviews the industry value chain, including upstream and downstream segments.
  • Chapter 9: Discusses market dynamics and recent developments, including drivers, restraints, challenges and risks for manufacturers, U.S. Tariffs and relevant policy analysis.
  • Chapter 10: Summarizes the key findings and conclusions of the report.

FAQ for this report

How fast is Heat Recovery Steam Generator (HRSG) Market growing?

Ans: The Heat Recovery Steam Generator (HRSG) Market witnessing a CAGR of 2.2% during the forecast period 2026-2032.

What is the Heat Recovery Steam Generator (HRSG) Market size in 2032?

Ans: The Heat Recovery Steam Generator (HRSG) Market size in 2032 will be US$ 2465 million.

What is the market share of major companies in Heat Recovery Steam Generator (HRSG) Market?

Ans: Global top four manufacturers hold a share over 30%.

What is the Heat Recovery Steam Generator (HRSG) Market share by type?

Ans: In terms of product, 100MW-300MW is the largest segment, with a share over 55%.

Who are the main players in the Heat Recovery Steam Generator (HRSG) Market report?

Ans: The main players in the Heat Recovery Steam Generator (HRSG) Market are BHI, Foster Wheeler, Nooter Eriksen, CMI Energy, Alstom Power, Doosan E&C, Siemens (NEM Energy), VOGT Power, STF, Babcock & Wilcox, Mitsubishi, Hangzhou Boiler, Bharat Heavy Electricals, Wuxi Huaguang

What are the Application segmentation covered in the Heat Recovery Steam Generator (HRSG) Market report?

Ans: The Applications covered in the Heat Recovery Steam Generator (HRSG) Market report are Power Station, Industrial Production

What are the Type segmentation covered in the Heat Recovery Steam Generator (HRSG) Market report?

Ans: The Types covered in the Heat Recovery Steam Generator (HRSG) Market report are Below 50MW, 50MW-100MW, 100MW-300MW, Over 300MW

1 Heat Recovery Steam Generator (HRSG) Market Overview
1.1 Product Definition
1.2 Heat Recovery Steam Generator (HRSG) by Type
1.2.1 Global Heat Recovery Steam Generator (HRSG) Market Value Growth Rate Analysis by Type: 2025 vs 2032
1.2.2 Below 50MW
1.2.3 50MW-100MW
1.2.4 100MW-300MW
1.2.5 Over 300MW
1.3 Heat Recovery Steam Generator (HRSG) by Application
1.3.1 Global Heat Recovery Steam Generator (HRSG) Market Value Growth Rate Analysis by Application: 2025 vs 2032
1.3.2 Power Station
1.3.3 Industrial Production
1.4 Global Market Growth Prospects
1.4.1 Global Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2021–2032)
1.4.2 Global Heat Recovery Steam Generator (HRSG) Production Capacity Estimates and Forecasts (2021–2032)
1.4.3 Global Heat Recovery Steam Generator (HRSG) Production Estimates and Forecasts (2021–2032)
1.4.4 Global Heat Recovery Steam Generator (HRSG) Market Average Price Estimates and Forecasts (2021–2032)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Manufacturers (2021–2026)
2.2 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Manufacturers (2021–2026)
2.3 Global Key Players of Heat Recovery Steam Generator (HRSG), Industry Ranking, 2024 vs 2025
2.4 Global Heat Recovery Steam Generator (HRSG) Market Share by Company Tier (Tier 1, Tier 2, Tier 3)
2.5 Global Heat Recovery Steam Generator (HRSG) Average Price by Manufacturers (2021–2026)
2.6 Global Key Manufacturers of Heat Recovery Steam Generator (HRSG), Manufacturing Footprints and Headquarters
2.7 Global Key Manufacturers of Heat Recovery Steam Generator (HRSG), Product Offerings and Applications
2.8 Global Key Manufacturers of Heat Recovery Steam Generator (HRSG), Date of Entry into the Industry
2.9 Heat Recovery Steam Generator (HRSG) Market Competitive Situation and Trends
2.9.1 Heat Recovery Steam Generator (HRSG) Market Concentration Rate
2.9.2 Top 5 and Top 10 Global Heat Recovery Steam Generator (HRSG) Players Market Share by Revenue
2.10 Mergers & Acquisitions and Expansion
3 Heat Recovery Steam Generator (HRSG) Production by Region
3.1 Global Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Region (2021–2032)
3.2.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Region (2021–2026)
3.2.2 Global Forecasted Production Value of Heat Recovery Steam Generator (HRSG) by Region (2027–2032)
3.3 Global Heat Recovery Steam Generator (HRSG) Production Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
3.4 Global Heat Recovery Steam Generator (HRSG) Production Volume by Region (2021–2032)
3.4.1 Global Heat Recovery Steam Generator (HRSG) Production by Region (2021–2026)
3.4.2 Global Forecasted Production of Heat Recovery Steam Generator (HRSG) by Region (2027–2032)
3.5 Global Heat Recovery Steam Generator (HRSG) Market Price Analysis by Region (2021–2026)
3.6 Global Heat Recovery Steam Generator (HRSG) Production, Value, and Year-over-Year Growth
3.6.1 North America Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2021–2032)
3.6.2 Europe Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2021–2032)
3.6.3 China Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2021–2032)
3.6.4 Japan Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2021–2032)
3.6.5 South Korea Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2021–2032)
3.6.6 India Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2021–2032)
4 Heat Recovery Steam Generator (HRSG) Consumption by Region
4.1 Global Heat Recovery Steam Generator (HRSG) Consumption Estimates and Forecasts by Region: 2021 vs 2025 vs 2032
4.2 Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2021–2032)
4.2.1 Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2021–2026)
4.2.2 Global Heat Recovery Steam Generator (HRSG) Forecasted Consumption by Region (2027–2032)
4.3 North America
4.3.1 North America Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.3.2 North America Heat Recovery Steam Generator (HRSG) Consumption by Country (2021–2032)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.4.2 Europe Heat Recovery Steam Generator (HRSG) Consumption by Country (2021–2032)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Region: 2021 vs 2025 vs 2032
4.5.2 Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption by Region (2021–2032)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 vs 2025 vs 2032
4.6.2 Latin America, Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption by Country (2021–2032)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Heat Recovery Steam Generator (HRSG) Production by Type (2021–2032)
5.1.1 Global Heat Recovery Steam Generator (HRSG) Production by Type (2021–2026)
5.1.2 Global Heat Recovery Steam Generator (HRSG) Production by Type (2027–2032)
5.1.3 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Type (2021–2032)
5.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2021–2032)
5.2.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2021–2026)
5.2.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2027–2032)
5.2.3 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Type (2021–2032)
5.3 Global Heat Recovery Steam Generator (HRSG) Price by Type (2021–2032)
6 Segment by Application
6.1 Global Heat Recovery Steam Generator (HRSG) Production by Application (2021–2032)
6.1.1 Global Heat Recovery Steam Generator (HRSG) Production by Application (2021–2026)
6.1.2 Global Heat Recovery Steam Generator (HRSG) Production by Application (2027–2032)
6.1.3 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Application (2021–2032)
6.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2021–2032)
6.2.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2021–2026)
6.2.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2027–2032)
6.2.3 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Application (2021–2032)
6.3 Global Heat Recovery Steam Generator (HRSG) Price by Application (2021–2032)
7 Key Companies Profiled
7.1 BHI
7.1.1 BHI Heat Recovery Steam Generator (HRSG) Company Information
7.1.2 BHI Heat Recovery Steam Generator (HRSG) Product Portfolio
7.1.3 BHI Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.1.4 BHI Main Business and Markets Served
7.1.5 BHI Recent Developments/Updates
7.2 Foster Wheeler
7.2.1 Foster Wheeler Heat Recovery Steam Generator (HRSG) Company Information
7.2.2 Foster Wheeler Heat Recovery Steam Generator (HRSG) Product Portfolio
7.2.3 Foster Wheeler Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.2.4 Foster Wheeler Main Business and Markets Served
7.2.5 Foster Wheeler Recent Developments/Updates
7.3 Nooter Eriksen
7.3.1 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Company Information
7.3.2 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Product Portfolio
7.3.3 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.3.4 Nooter Eriksen Main Business and Markets Served
7.3.5 Nooter Eriksen Recent Developments/Updates
7.4 CMI Energy
7.4.1 CMI Energy Heat Recovery Steam Generator (HRSG) Company Information
7.4.2 CMI Energy Heat Recovery Steam Generator (HRSG) Product Portfolio
7.4.3 CMI Energy Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.4.4 CMI Energy Main Business and Markets Served
7.4.5 CMI Energy Recent Developments/Updates
7.5 Alstom Power
7.5.1 Alstom Power Heat Recovery Steam Generator (HRSG) Company Information
7.5.2 Alstom Power Heat Recovery Steam Generator (HRSG) Product Portfolio
7.5.3 Alstom Power Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.5.4 Alstom Power Main Business and Markets Served
7.5.5 Alstom Power Recent Developments/Updates
7.6 Doosan E&C
7.6.1 Doosan E&C Heat Recovery Steam Generator (HRSG) Company Information
7.6.2 Doosan E&C Heat Recovery Steam Generator (HRSG) Product Portfolio
7.6.3 Doosan E&C Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.6.4 Doosan E&C Main Business and Markets Served
7.6.5 Doosan E&C Recent Developments/Updates
7.7 Siemens (NEM Energy)
7.7.1 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Company Information
7.7.2 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Product Portfolio
7.7.3 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.7.4 Siemens (NEM Energy) Main Business and Markets Served
7.7.5 Siemens (NEM Energy) Recent Developments/Updates
7.8 VOGT Power
7.8.1 VOGT Power Heat Recovery Steam Generator (HRSG) Company Information
7.8.2 VOGT Power Heat Recovery Steam Generator (HRSG) Product Portfolio
7.8.3 VOGT Power Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.8.4 VOGT Power Main Business and Markets Served
7.8.5 VOGT Power Recent Developments/Updates
7.9 STF
7.9.1 STF Heat Recovery Steam Generator (HRSG) Company Information
7.9.2 STF Heat Recovery Steam Generator (HRSG) Product Portfolio
7.9.3 STF Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.9.4 STF Main Business and Markets Served
7.9.5 STF Recent Developments/Updates
7.10 Babcock & Wilcox
7.10.1 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Company Information
7.10.2 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Product Portfolio
7.10.3 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.10.4 Babcock & Wilcox Main Business and Markets Served
7.10.5 Babcock & Wilcox Recent Developments/Updates
7.11 Mitsubishi
7.11.1 Mitsubishi Heat Recovery Steam Generator (HRSG) Company Information
7.11.2 Mitsubishi Heat Recovery Steam Generator (HRSG) Product Portfolio
7.11.3 Mitsubishi Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.11.4 Mitsubishi Main Business and Markets Served
7.11.5 Mitsubishi Recent Developments/Updates
7.12 Hangzhou Boiler
7.12.1 Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Company Information
7.12.2 Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Product Portfolio
7.12.3 Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.12.4 Hangzhou Boiler Main Business and Markets Served
7.12.5 Hangzhou Boiler Recent Developments/Updates
7.13 Bharat Heavy Electricals
7.13.1 Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Company Information
7.13.2 Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Product Portfolio
7.13.3 Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.13.4 Bharat Heavy Electricals Main Business and Markets Served
7.13.5 Bharat Heavy Electricals Recent Developments/Updates
7.14 Wuxi Huaguang
7.14.1 Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Company Information
7.14.2 Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Product Portfolio
7.14.3 Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Production, Value, Price, and Gross Margin (2021–2026)
7.14.4 Wuxi Huaguang Main Business and Markets Served
7.14.5 Wuxi Huaguang Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Heat Recovery Steam Generator (HRSG) Industry Chain Analysis
8.2 Heat Recovery Steam Generator (HRSG) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Heat Recovery Steam Generator (HRSG) Production Modes and Processes
8.4 Heat Recovery Steam Generator (HRSG) Sales and Marketing
8.4.1 Heat Recovery Steam Generator (HRSG) Sales Channels
8.4.2 Heat Recovery Steam Generator (HRSG) Distributors
8.5 Heat Recovery Steam Generator (HRSG) Customer Analysis
9 Heat Recovery Steam Generator (HRSG) Market Dynamics
9.1 Heat Recovery Steam Generator (HRSG) Industry Trends
9.2 Heat Recovery Steam Generator (HRSG) Market Drivers
9.3 Heat Recovery Steam Generator (HRSG) Market Challenges
9.4 Heat Recovery Steam Generator (HRSG) Market Restraints
9.5 Impact of U.S. Tariffs
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
FEATURED COMPANIES
BHI
Foster Wheeler
Nooter Eriksen
CMI Energy
Alstom Power
Doosan E&C
VOGT Power
STF
Babcock Wilcox
Mitsubishi
Hangzhou Boiler
Wuxi Huaguang
Siemens
Bharat Heavy Electricals
Siemens (NEM Energy)
Doosan E&C
List of Tables
 Table 1. Global Heat Recovery Steam Generator (HRSG) Market Value by Type (US$ Million), 2025 vs 2032
 Table 2. Global Heat Recovery Steam Generator (HRSG) Market Value by Application (US$ Million), 2025 vs 2032
 Table 3. Global Heat Recovery Steam Generator (HRSG) Production Capacity (MW) by Manufacturers in 2025
 Table 4. Global Heat Recovery Steam Generator (HRSG) Production by Manufacturers (MW), 2021–2026
 Table 5. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Manufacturers (2021–2026)
 Table 6. Global Heat Recovery Steam Generator (HRSG) Production Value by Manufacturers (US$ Million), 2021–2026
 Table 7. Global Heat Recovery Steam Generator (HRSG) Production Value Share by Manufacturers (2021–2026)
 Table 8. Global Key Players of Heat Recovery Steam Generator (HRSG), Industry Ranking, 2024 vs 2025
 Table 9. Classification of Companies by Tier (Tier 1, Tier 2, Tier 3), based on Heat Recovery Steam Generator (HRSG) Production Value, 2025
 Table 10. Global Market Heat Recovery Steam Generator (HRSG) Average Price by Manufacturers (USD/MW), 2021–2026
 Table 11. Global Key Manufacturers of Heat Recovery Steam Generator (HRSG), Manufacturing Footprints and Headquarters
 Table 12. Global Key Manufacturers of Heat Recovery Steam Generator (HRSG), Product Offerings and Applications
 Table 13. Global Key Manufacturers of Heat Recovery Steam Generator (HRSG), Date of Entry into the Industry
 Table 14. Global Heat Recovery Steam Generator (HRSG) Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 15. Mergers & Acquisitions and Expansion Plans
 Table 16. Global Heat Recovery Steam Generator (HRSG) Production Value by Region: 2021 vs 2025 vs 2032 (US$ Million)
 Table 17. Global Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) by Region (2021–2026)
 Table 18. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Region (2021–2026)
 Table 19. Global Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) Forecast by Region (2027–2032)
 Table 20. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share Forecast by Region (2027–2032)
 Table 21. Global Heat Recovery Steam Generator (HRSG) Production Comparison by Region: 2021 vs 2025 vs 2032 (MW)
 Table 22. Global Heat Recovery Steam Generator (HRSG) Production (MW) by Region (2021–2026)
 Table 23. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Region (2021–2026)
 Table 24. Global Heat Recovery Steam Generator (HRSG) Production (MW) Forecast by Region (2027–2032)
 Table 25. Global Heat Recovery Steam Generator (HRSG) Production Market Share Forecast by Region (2027–2032)
 Table 26. Global Heat Recovery Steam Generator (HRSG) Market Average Price (USD/MW) by Region (2021–2026)
 Table 27. Global Heat Recovery Steam Generator (HRSG) Market Average Price (USD/MW) by Region (2027–2032)
 Table 28. Global Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Region: 2021 vs 2025 vs 2032 (MW)
 Table 29. Global Heat Recovery Steam Generator (HRSG) Consumption by Region (MW), 2021–2026
 Table 30. Global Heat Recovery Steam Generator (HRSG) Consumption Market Share by Region (2021–2026)
 Table 31. Global Heat Recovery Steam Generator (HRSG) Forecasted Consumption by Region (MW), 2027–2032
 Table 32. Global Heat Recovery Steam Generator (HRSG) Forecasted Consumption Market Share by Region (2027–2032)
 Table 33. North America Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 vs 2025 vs 2032 (MW)
 Table 34. North America Heat Recovery Steam Generator (HRSG) Consumption by Country (MW), 2021–2026
 Table 35. North America Heat Recovery Steam Generator (HRSG) Consumption by Country (MW), 2027–2032
 Table 36. Europe Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 vs 2025 vs 2032 (MW)
 Table 37. Europe Heat Recovery Steam Generator (HRSG) Consumption by Country (MW), 2021–2026
 Table 38. Europe Heat Recovery Steam Generator (HRSG) Consumption by Country (MW), 2027–2032
 Table 39. Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Region: 2021 vs 2025 vs 2032 (MW)
 Table 40. Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption by Region (MW), 2021–2026
 Table 41. Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption by Region (MW), 2027–2032
 Table 42. Latin America, Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 vs 2025 vs 2032 (MW)
 Table 43. Latin America, Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption by Country (MW), 2021–2026
 Table 44. Latin America, Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption by Country (MW), 2027–2032
 Table 45. Global Heat Recovery Steam Generator (HRSG) Production (MW) by Type (2021–2026)
 Table 46. Global Heat Recovery Steam Generator (HRSG) Production (MW) by Type (2027–2032)
 Table 47. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Type (2021–2026)
 Table 48. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Type (2027–2032)
 Table 49. Global Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) by Type (2021–2026)
 Table 50. Global Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) by Type (2027–2032)
 Table 51. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Type (2021–2026)
 Table 52. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Type (2027–2032)
 Table 53. Global Heat Recovery Steam Generator (HRSG) Price (USD/MW) by Type (2021–2026)
 Table 54. Global Heat Recovery Steam Generator (HRSG) Price (USD/MW) by Type (2027–2032)
 Table 55. Global Heat Recovery Steam Generator (HRSG) Production (MW) by Application (2021–2026)
 Table 56. Global Heat Recovery Steam Generator (HRSG) Production (MW) by Application (2027–2032)
 Table 57. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Application (2021–2026)
 Table 58. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Application (2027–2032)
 Table 59. Global Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) by Application (2021–2026)
 Table 60. Global Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) by Application (2027–2032)
 Table 61. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Application (2021–2026)
 Table 62. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Application (2027–2032)
 Table 63. Global Heat Recovery Steam Generator (HRSG) Price (USD/MW) by Application (2021–2026)
 Table 64. Global Heat Recovery Steam Generator (HRSG) Price (USD/MW) by Application (2027–2032)
 Table 65. BHI Heat Recovery Steam Generator (HRSG) Company Information
 Table 66. BHI Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 67. BHI Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 68. BHI Main Business and Markets Served
 Table 69. BHI Recent Developments/Updates
 Table 70. Foster Wheeler Heat Recovery Steam Generator (HRSG) Company Information
 Table 71. Foster Wheeler Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 72. Foster Wheeler Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 73. Foster Wheeler Main Business and Markets Served
 Table 74. Foster Wheeler Recent Developments/Updates
 Table 75. Nooter Eriksen Heat Recovery Steam Generator (HRSG) Company Information
 Table 76. Nooter Eriksen Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 77. Nooter Eriksen Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 78. Nooter Eriksen Main Business and Markets Served
 Table 79. Nooter Eriksen Recent Developments/Updates
 Table 80. CMI Energy Heat Recovery Steam Generator (HRSG) Company Information
 Table 81. CMI Energy Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 82. CMI Energy Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 83. CMI Energy Main Business and Markets Served
 Table 84. CMI Energy Recent Developments/Updates
 Table 85. Alstom Power Heat Recovery Steam Generator (HRSG) Company Information
 Table 86. Alstom Power Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 87. Alstom Power Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 88. Alstom Power Main Business and Markets Served
 Table 89. Alstom Power Recent Developments/Updates
 Table 90. Doosan E&C Heat Recovery Steam Generator (HRSG) Company Information
 Table 91. Doosan E&C Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 92. Doosan E&C Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 93. Doosan E&C Main Business and Markets Served
 Table 94. Doosan E&C Recent Developments/Updates
 Table 95. Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Company Information
 Table 96. Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 97. Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 98. Siemens (NEM Energy) Main Business and Markets Served
 Table 99. Siemens (NEM Energy) Recent Developments/Updates
 Table 100. VOGT Power Heat Recovery Steam Generator (HRSG) Company Information
 Table 101. VOGT Power Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 102. VOGT Power Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 103. VOGT Power Main Business and Markets Served
 Table 104. VOGT Power Recent Developments/Updates
 Table 105. STF Heat Recovery Steam Generator (HRSG) Company Information
 Table 106. STF Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 107. STF Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 108. STF Main Business and Markets Served
 Table 109. STF Recent Developments/Updates
 Table 110. Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Company Information
 Table 111. Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 112. Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 113. Babcock & Wilcox Main Business and Markets Served
 Table 114. Babcock & Wilcox Recent Developments/Updates
 Table 115. Mitsubishi Heat Recovery Steam Generator (HRSG) Company Information
 Table 116. Mitsubishi Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 117. Mitsubishi Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 118. Mitsubishi Main Business and Markets Served
 Table 119. Mitsubishi Recent Developments/Updates
 Table 120. Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Company Information
 Table 121. Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 122. Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 123. Hangzhou Boiler Main Business and Markets Served
 Table 124. Hangzhou Boiler Recent Developments/Updates
 Table 125. Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Company Information
 Table 126. Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 127. Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 128. Bharat Heavy Electricals Main Business and Markets Served
 Table 129. Bharat Heavy Electricals Recent Developments/Updates
 Table 130. Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Company Information
 Table 131. Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Specification and Application
 Table 132. Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021–2026)
 Table 133. Wuxi Huaguang Main Business and Markets Served
 Table 134. Wuxi Huaguang Recent Developments/Updates
 Table 135. Key Raw Materials Lists
 Table 136. Raw Materials Key Suppliers Lists
 Table 137. Heat Recovery Steam Generator (HRSG) Distributors List
 Table 138. Heat Recovery Steam Generator (HRSG) Customers List
 Table 139. Heat Recovery Steam Generator (HRSG) Market Trends
 Table 140. Heat Recovery Steam Generator (HRSG) Market Drivers
 Table 141. Heat Recovery Steam Generator (HRSG) Market Challenges
 Table 142. Heat Recovery Steam Generator (HRSG) Market Restraints
 Table 143. Research Programs/Design for This Report
 Table 144. Key Data Information from Secondary Sources
 Table 145. Key Data Information from Primary Sources
 Table 146. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Heat Recovery Steam Generator (HRSG)
 Figure 2. Global Heat Recovery Steam Generator (HRSG) Market Value by Type (US$ Million), 2021–2032
 Figure 3. Global Heat Recovery Steam Generator (HRSG) Market Share by Type: 2025 vs 2032
 Figure 4. Below 50MW Product Picture
 Figure 5. 50MW-100MW Product Picture
 Figure 6. 100MW-300MW Product Picture
 Figure 7. Over 300MW Product Picture
 Figure 8. Global Heat Recovery Steam Generator (HRSG) Market Value by Application (US$ Million), 2021–2032
 Figure 9. Global Heat Recovery Steam Generator (HRSG) Market Share by Application: 2025 vs 2032
 Figure 10. Power Station
 Figure 11. Industrial Production
 Figure 12. Global Heat Recovery Steam Generator (HRSG) Production Value (US$ Million), 2021 vs 2025 vs 2032
 Figure 13. Global Heat Recovery Steam Generator (HRSG) Production Value (US$ Million), 2021–2032
 Figure 14. Global Heat Recovery Steam Generator (HRSG) Production Capacity (MW), 2021–2032
 Figure 15. Global Heat Recovery Steam Generator (HRSG) Production (MW), 2021–2032
 Figure 16. Global Heat Recovery Steam Generator (HRSG) Average Price (USD/MW), 2021–2032
 Figure 17. Heat Recovery Steam Generator (HRSG) Report Years Considered
 Figure 18. Heat Recovery Steam Generator (HRSG) Production Share by Manufacturers in 2025
 Figure 19. Global Heat Recovery Steam Generator (HRSG) Production Value Share by Manufacturers (2025)
 Figure 20. Heat Recovery Steam Generator (HRSG) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2021 vs 2025
 Figure 21. Top 5 and Top 10 Global Players: Market Share by Heat Recovery Steam Generator (HRSG) Revenue in 2025
 Figure 22. Global Heat Recovery Steam Generator (HRSG) Production Value by Region: 2021 vs 2025 vs 2032 (US$ Million)
 Figure 23. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Region: 2021 vs 2025 vs 2032
 Figure 24. Global Heat Recovery Steam Generator (HRSG) Production Comparison by Region: 2021 vs 2025 vs 2032 (MW)
 Figure 25. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Region: 2021 vs 2025 vs 2032
 Figure 26. North America Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) Growth Rate (2021–2032)
 Figure 27. Europe Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) Growth Rate (2021–2032)
 Figure 28. China Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) Growth Rate (2021–2032)
 Figure 29. Japan Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) Growth Rate (2021–2032)
 Figure 30. South Korea Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) Growth Rate (2021–2032)
 Figure 31. India Heat Recovery Steam Generator (HRSG) Production Value (US$ Million) Growth Rate (2021–2032)
 Figure 32. Global Heat Recovery Steam Generator (HRSG) Consumption by Region: 2021 vs 2025 vs 2032 (MW)
 Figure 33. Global Heat Recovery Steam Generator (HRSG) Consumption Market Share by Region: 2021 vs 2025 vs 2032
 Figure 34. North America Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 35. North America Heat Recovery Steam Generator (HRSG) Consumption Market Share by Country (2021–2032)
 Figure 36. U.S. Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 37. Canada Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 38. Europe Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 39. Europe Heat Recovery Steam Generator (HRSG) Consumption Market Share by Country (2021–2032)
 Figure 40. Germany Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 41. France Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 42. U.K. Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 43. Italy Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 44. Russia Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 45. Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 46. Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption Market Share by Region (2021–2032)
 Figure 47. China Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 48. Japan Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 49. South Korea Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 50. China Taiwan Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 51. Southeast Asia Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 52. India Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 53. Latin America, Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 54. Latin America, Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption Market Share by Country (2021–2032)
 Figure 55. Mexico Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 56. Brazil Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 57. Turkey Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 58. GCC Countries Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (MW), 2021–2032
 Figure 59. Global Production Market Share of Heat Recovery Steam Generator (HRSG) by Type (2021–2032)
 Figure 60. Global Production Value Market Share of Heat Recovery Steam Generator (HRSG) by Type (2021–2032)
 Figure 61. Global Heat Recovery Steam Generator (HRSG) Price (USD/MW) by Type (2021–2032)
 Figure 62. Global Production Market Share of Heat Recovery Steam Generator (HRSG) by Application (2021–2032)
 Figure 63. Global Production Value Market Share of Heat Recovery Steam Generator (HRSG) by Application (2021–2032)
 Figure 64. Global Heat Recovery Steam Generator (HRSG) Price (USD/MW) by Application (2021–2032)
 Figure 65. Heat Recovery Steam Generator (HRSG) Value Chain
 Figure 66. Channels of Distribution (Direct Vs Distribution)
 Figure 67. Bottom-up and Top-down Approaches for This Report
 Figure 68. Data Triangulation
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